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August,Inc.had the following transactions in 2018,its first year of operations: • Issued 22,000 shares of common stock.The stock has a par value of $3.00 per share and was issued at $16.00 per share.
• Issued 1800 shares of $160 par value preferred stock at par.
• Earned net income of $37,000.
• Paid no dividends.
At the end of 2018,what is total stockholders' equity?
Investment Projects
Initiatives or activities undertaken to allocate resources in the expectation of future benefits or returns.
Loanable Funds
The total supply of money available for borrowing or spending in the economy, including savings and investments.
Medicare
A federal health insurance program in the United States for people aged 65 and older, and for some younger people with disabilities.
Loanable Funds
The funds available for borrowing in the financial markets, determined by the savings of households and institutions.
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